EYDAP

The local benchmark rose for the third day in a row on Tuesday although some impressive gains chalked up early in the session mostly evaporated once turnover started picking up. This – along with the 0.37 percent decline posted by the banks index – suggests that the latest streak of growth will probably be short-lived.

The moderate growth posted by the Athens benchmark at the end of Tuesday’s trading failed to avert another monthly drop – the sixth in a row for the Greek bourse’s main index, which in September gave up 8.63 percent of its value. It was the first time in three years that the bourse declined for a sixth month in succession.